Standardized insurance coverage for vector-borne diseases at work

India’s insurance regulator has drafted guidelines for a standardized medical insurance policy covering vector-borne diseases such as Dengue, Malaria, Chikungunya and Zika Virus among others.

The proposed product will be available in all areas of health and wellness general insurance companies when the guidelines have been completed following a consultation process. According to draft standards, the product is considered an annual, single premium policy with optional riders.

“To make accessibility … health insurance product that meets the needs of the public insurance to get the health insurance coverage to the specified Vector-borne diseasesthe Authority encourages all general insurance and health insurance companies to offer … policies, “the insurance authority and the development authority (IRDAI) said in the draft guidelines released Friday.

The basic admission cover can be for an insurance sum between Rs 10000 and Rs 2 lakh with a daily room and an ICU limit prescribed under the procedure ‘Use and archiving’. The proposed standard product may also have a 15-day waiting period.

Stakeholders have been asked to comment on the draft standards by November 27, IRDAI said, in particular on whether the product can be in the shorter period and on the 15-day waiting period before benefits begin.

“… Stakeholders are requested to investigate and comment with specific reference … Whether the proposed standard vector-borne disease product should be offered in a shorter period (less than a year duration), as these vector-borne diseases are generally seasonal,” IRDAI said.

The insurance authority has already launched standardized health cover called Aarogya Sanjeevani, and a coronavirus earlier this year as well. IRDAI also has floating draft conditions for a standardized life insurance politics too.

Vector-borne diseases are the disorders caused by an infection transmitted from blood-feeding arthropods, such as mosquitoes, ticks and fleas, and include, among others, Dengue, Malaria, West Nile Virus, Lyme disease.